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Asia open $1.1926, range $1.1917-65....>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Asia open $1.1926, range $1.1917-65. Europe open $1.1920, range
$1.1920-42. 
* Eur rallied Friday on reaction to ECB Draghi comments on EZ growth along with
no mention of recent Eur strength.
* Eur/Usd rallied to an eventual high of $1.1941, eased to $1.1903 then settled
around $1.1925 into the close.
* Early Asia continued the Eur enthusiasm by taking rate on to $1.1965, mainly
led by pre Tokyo Eur/Jpy demand.
* Tokyo provided Eur/Jpy supply, countered early Eur demand and pressed rate
back to $1.1917 into Europe. 
* Asian traders noted demand sub $1.1920 linked to macro and quant names. 
* Rate recovered to $1.1942 in Europe, reversed to $1.1920 before it settled
around $1.1930 late morning.  
* Eur retained an underlying buoyant tone but seen needing a break of $1.1960/65
to boost further upside hopes. 
* Large barrier mentioned at $1.2000, another at $1.2050.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets

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